ERISA Services Manager

Position Overview

• Location Type: Remote
• Job Type: Full Time
• Salary: Not provided
• Description: The ERISA Services Manager is the primary contact for relationship managers and Voya clients for non-discrimination testing (ADP/ACP, 415, 410(b), Top Heavy and complex testing), test cure strategies and signature ready Form 5500 requirements. This role oversees a team of ERISA Services staff to ensure appropriate testing/reporting strategies are in place. Work location is flexible, allowing 100% remote work from home.

Requirements

• Expertise in ERISA compliance, testing methodologies, and Form 5500 preparation is required.

Responsibilities

• Manage the completion of non-discrimination testing and Form 5500 preparation for all plans within prescribed regulatory deadlines.
• Provide consultation and assistance to relationship managers and clients on complex compliance matters.
• Ensure system capabilities are in place (Omni, ASC, and Relius) to ensure accurate testing/reporting for Voya clients.
• Manage annual and/or ad-hoc initiatives to update system programming for regulatory changes and desired process efficiency.
• Analyze plan and regulatory requirements along with employer structure to determine and implement appropriate testing methodologies for full-service clients (Large Market).
• Develop/modify capability to perform testing for QSLOB, multiple employer plans, mandatory and/or permissive aggregation, etc. on an as-needed basis.
• Consult with ERISA Services staff, relationship managers and clients in the development and execution of cure strategies for failed tests and/or in response to projected testing results.
• Ensure the accurate calculation return-of-excess amounts and attributable earnings, QNEC/QMAC, recharacterization of amounts to after-tax or catch-up as permitted by plan des.

Application Instructions

• Not provided.

Company Information

• Voya focuses on financial opportunity and inclusivity.